VSTM · XBRL financial data
Verastem financial statements, every quarter
The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters (VSTM's year ends in late December)
| In millions of dollars | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | 10 | 0* | 0* | — | 2 | 11 | 18* | 19 | 40 |
| Revenue from contracts with customers | — | — | — | 10 | 0* | 0* | — | — | — | — | — | — |
| Research and development | 13 | 14 | 23* | 18 | 25 | 21* | 29 | 25 | 29 | 32* | 38 | 41 |
| Selling, general and administrative | 7 | 7 | 9* | 10 | 12 | 11* | 15 | 21 | 21 | 24* | 22 | 27 |
| General and administrative | — | — | — | — | — | — | — | 7 | — | — | — | 9 |
| Operating income (loss) | (20) | (21) | (31)* | (18) | (37) | (32)* | (44) | (44) | (41) | (41)* | (45) | (33) |
| Interest income | 1 | 2 | 2* | 1 | 1 | 1* | 1 | 1 | 1 | 1* | 1 | 1 |
| Interest expense | 1 | 1 | 1* | 1 | 1 | 1* | 0 | 0 | 0 | 0* | 0 | 0 |
| Other income (expense) | (0) | (0) | (0)* | (0) | (0) | 0* | (0) | (0) | (0) | (0)* | (0) | (0) |
| Income tax expense (benefit) | 0 | 0 | — | 0 | 0 | 0* | 0 | 0* | 0* | — | 0 | 1 |
| Net income (loss) | (24) | (20) | (27)* | (8) | (24) | (65)* | (52) | (26) | (99) | (33)* | (37) | (35) |
| Earnings per share, basic USD per share | (1.37) | (0.75) | — | (0.31) | (0.60) | — | (0.96) | (0.39) | (1.35) | (0.39)* | (0.37) | (0.35) |
| Earnings per share, diluted USD per share | (1.37) | (0.75) | — | (0.31) | (0.60) | — | (0.96) | (0.62) | (1.35) | — | (0.46) | (0.35) |
| Weighted average shares, basic millions of shares | 18 | 27 | — | 27 | 40 | — | 54 | 66 | 73 | 83* | 98 | 100 |
| Weighted average shares, diluted millions of shares | — | 27 | — | 27 | 40 | — | 54 | 74 | 73 | 76* | 99 | 100 |
Balance sheet
CSVFiscal quarters (VSTM's year ends in late December)
| In millions of dollars | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | 183 | 95 | 78 | 83 | 113 | 89 | 118 | 164 | 138 | 205 | 166 | 136 |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | 16 | — |
| Marketable securities | — | 71 | 59 | — | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | 1 | 2 | 2 | 2 | 2 |
| Prepaid and other current assets | 7 | 9 | 7 | 5 | 7 | 6 | 7 | 7 | 8 | 8 | 9 | 8 |
| Total current assets | 190 | 174 | 144 | 100 | 121 | 95 | 125 | 174 | 154 | 223 | 203 | 176 |
| Property and equipment, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — |
| Right-of-use asset | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 3 | 3 |
| Total assets | 192 | 176 | 150 | 106 | 126 | 102 | 132 | 196 | 177 | 246 | 228 | 207 |
| Accounts payable | 5 | 5 | 7 | 7 | 4 | 4 | 7 | 8 | 10 | 12 | 10 | 18 |
| Accrued liabilities | 14 | 16 | 18 | 17 | 22 | 26 | 25 | 38 | 45 | 54 | 51 | 54 |
| Total current liabilities | 21 | 24 | 26 | 30 | 37 | 31 | 36 | 50 | 60 | 72 | 67 | 78 |
| Lease liability, non-current | 1 | 1 | 1 | — | — | 1 | 0 | — | — | — | 2 | 2 |
| Total liabilities | 69 | 72 | 71 | 66 | 94 | 130 | 164 | 160 | 192 | 189 | 146 | 157 |
| Accumulated deficit | (778) | (798) | (825) | (867) | (891) | (956) | (1,008) | (1,034) | (1,132) | (1,165) | (1,202) | (1,236) |
| Total stockholders' equity | 102 | 83 | 57 | 19 | 11 | (29) | (32) | 36 | (16) | 57 | 82 | 50 |
| Total liabilities and equity | 192 | 176 | 150 | 106 | 126 | 102 | 132 | 196 | 177 | 246 | 228 | 207 |
| Common shares outstanding (cover page) millions of shares | 25 | 25 | 25 | 40 | 45 | 25 | 55 | 62 | 67 | 88 | 88 | 91 |
Cash flows
CSVFiscal quarters (VSTM's year ends in late December)
| In millions of dollars | Jun 30, 2023 | Sep 30, 2023 | Dec 31, 2023 | Jun 30, 2024 | Sep 30, 2024 | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 | Sep 30, 2025 | Dec 31, 2025 | Mar 31, 2026 | Jun 30, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | (24) | (20) | (27)* | (8) | (24) | (65)* | (52) | (26) | (99) | (33)* | (37) | (35) |
| Stock-based compensation | 1* | 2* | 2* | 2* | 2* | 2* | 2 | 3* | 2* | 2* | 2 | 3* |
| Net cash from operating activities | (20)* | (17)* | (30)* | (28)* | (24)* | (25)* | (39) | (33)* | (36)* | (30)* | (52) | (44)* |
| Purchases of property and equipment | — | — | — | 0* | 0* | 0* | — | — | — | — | — | — |
| Net cash from investing activities | 14* | (70)* | 12* | 29* | 0* | 0* | — | — | — | (1)* | (16) | 16* |
| Proceeds from issuing common stock | — | (0)* | 0* | — | — | 0* | 30 | 70* | 0* | 97* | — | — |
| Repayments of long-term debt | — | — | year only | — | — | — | 43 | 0* | 0* | (0)* | — | — |
| Net cash from financing activities | 91* | (1)* | (0)* | (0)* | 54* | 1* | 67 | 79* | 18* | 99* | 29 | (2)* |
| Net change in cash | 86* | (88)* | (18)* | 1* | 30* | (24)* | 29 | 47* | (27)* | 67* | (39) | (29)* |
Compare with peers
SIC 2834 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 2834 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Verastem | 136 | 40 | (44)* | 90.6M | 3.1 quarters | 10-QJun 30, 2026 |
| Corvus Pharmaceuticals | 19 | not reported | (15)* | 84.1M | 14.0 quarters | 10-QJun 30, 2026 |
| DBV Technologies | 166 | 1.6 | (52)* | 314.4M | 3.2 quarters | 10-QSep 30, 2026 |
| Atea Pharmaceuticals | 77 | not reported | (37)* | 80.2M | 5.9 quarters | 10-QJun 30, 2026 |
| Annexon | 199 | not reported | (48)* | not reported | 4.4 quarters | 10-QJun 30, 2026 |
| Vanda Pharmaceuticals | 62 | 70 | (28)* | 60.5M | 1.7 quarters | 10-QSep 30, 2026 |
| Tonix Pharmaceuticals Holding | 176 | 14 | (42)* | 17.2M | 4.2 quarters | 10-QJun 30, 2026 |
| Abeona Therapeutics | 56 | 11 | (17)* | 57.2M | 8.4 quarters | 10-QJun 30, 2026 |
| Heron Therapeutics | 21 | not reported | (2.2)* | 189.9M | 19.3 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.